NEWS & CASES

Case of an Antioxidant

 TK Chemical, represented by Kim & Chang, filed a lawsuit for damages against Miwon Commercial Co., Ltd, claiming that the damage occurred due to Miwon’s delivery of defective antioxidant products. The Court rendered a decision recommending a settlement between the two companies that required Miwon to pay hundreds of millions of won to TK chemical. However, AIP, representing Miwon, appealed the case. During the proceedings, Kim & Chang sought to increase the compensation to several billion won, but AIP maintained their argument that Miwon was not liable for any damages. The Court ruled in favor of AIP, dismissing all claims made by TK Chemical in the first trial. The decision was derived by the persuasive argument of AIP who presented strong evidence proving that there was no causation between the spandex fiber defect and Miwon’s antioxidants.